October 31st, 2008 | No Comments »
Don’t throw out that letter from your credit card company. It may be notifying you of a reeled in credit line, interest rate hike or even an account closure. In this recessionary climate, credit card companies across the board are tightening the reins on card holders to minimize their exposure to risk.
Published in Business News |
October 31st, 2008 | No Comments »
JPMorgan Chase Bank’s new Michigan president said Thursday that the bank remains committed to growing its business in Michigan, is not short of capital and continues to lend money.
Published in Business News |
October 30th, 2008 | No Comments »
MCCALL, ID–(Marketwire - October 30, 2008) - Today Idaho First Bank (OTCBB: IDFB) reported
financial results for September 30, 2008. The Bank experienced significant
growth during the past year. Loans grew to $45.8 million, an 80% increase
from September 30, 2007. Deposits grew by 58% during the same period to
$49.0 million at September 30, [...]
Published in Market News |
October 30th, 2008 | No Comments »
Reuters - Maurice “Hank” Greenberg, the former American International Group Inc chief executive, says the terms and conditions surrounding a government rescue loan are pushing the insurer closer to collapse with each day.
Published in General |
October 30th, 2008 | No Comments »
MUNSTER, IN–(Marketwire - October 30, 2008) - CFS Bancorp, Inc. (NASDAQ: CITZ) (the Company),
the parent of Citizens Financial Bank (the Bank), today reported a net loss
of $1.0 million for the third quarter of 2008, or $(0.10) per share, as a
result of a $3.5 million other-than-temporary impairment charge related to
its investment in Fannie Mae and [...]
Published in Market News |
October 30th, 2008 | No Comments »
San Francisco Federal Reserve President Janet Yellen
said the Fed could lower rates below 1%, and that they could
reach as low as zero amid a weak economy.
Speaking at an event hosted by the University of California at Berkley
and UCLA, Yellen said that loan rates would be substantially higher
without the Federal Reserve’s aggressive rate cuts.
[...]
Published in Mortgage News |
October 30th, 2008 | No Comments »
The IMF will offer as much as $100 billion in a new kind of loan to countries battered by the financial crisis but not on the brink of disaster.
Published in WSJ |
October 29th, 2008 | 10 Comments »
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Published in Syndicated Content |
October 29th, 2008 | No Comments »
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Published in Syndicated Content |
October 29th, 2008 | No Comments »
Federal Deposit Insurance Corp. Chairman Sheila Bair
announced that the agency has created a program to offer economic
incentives to the mortgage industry to amend loans and aid
borrowers avoid foreclosures.
Read More Now
Published in Mortgage News |